CALIFORNIAS ANNUAL CARBON EMMISION LOTTERY
From the Sacramento Bee
In a major test of California’s crusade against climate change, California businesses spent another $935 million last week on greenhouse gas pollution permits, state officials said Tuesday. It was one of the most successful carbon permit auctions the state has held to date.
The latest results in California’s fight against climate change will affect prices on a range of goods from gasoline to cement.
The California Air Resources Board announced Tuesday that businesses snapped up every carbon-emission permit that the agency put up for sale at last week’s auction.
Total revenue in the auction was $935 million, only about $640 million will go to the state’s greenhouse gas fund. The remaining will be filtered to various utilities.
California has an incredible ability to bring in revenue off every supposed climate issue. But they cannot balance a budget because of spending but keep putting their hands out for more.